International Current Affairs - 2019

Latest International Current Affairs 2019 with news summaries and current events in International developments, geopolitical, organizations, groupings and fora related updates for India and world with all important national news updates and events for the year 2019.

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Bangladesh- Russia signs uranium supply deal

Bangladesh signed deal with Russia for lifetime supply of uranium for its 2,400 MW Rooppur Nuclear Power Plant (RNPP) in Bangladesh. Under the deal, Russia will supply nuclear fuel needed for plant during its entire life cycle. RNPP will come into operation by 2022.

Key Highlights

Deal was signed in Dhaka (Bangladesh capital) between Bangladesh Atomic Energy Commission (BAEC) and Russian Nuclear Fuel Supply Company (TVEL) Joint Stock Company, a Russian state-owned nuclear fuel firm. BAEC is tasked with implementing project.

It is a framework agreement that focuses on pricing methodology. Through this agreement, both countries will work to determine prices of nuclear fuel, considering volatile global market which is marked by continuous changes.

RNPP Project:

In 2017, two countries (Russia and Bangladesh) have also signed spent fuel sent back agreement for management of nuclear waste of Rooppur Nuclear Power Plant (RNPP).

Work on these two units of Rooppur Nuclear Power Plant (RNPP), each producing 1200 MW of electricity is scheduled to be completed in 2022 and 2024 respectively.

With power generation capacity of 1200 MW, each unit of power plant will have to reload one-third (33%) of total required nuclear fuel in every 18 months (1.5 years), and 1st, 2nd and 3rd reload will be provided by Russian firm free of cost.

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10th Mekong Ganga Cooperation Ministerial meeting held in Bangkok

The 10th Mekong Ganga Cooperation (MGC) Ministerial Meeting was held in Bangkok, Thailand. India was represented by External Affairs Minister S Jaishankar. During this meeting, new MGC Plan of Action 2019-2022 was adopted.

New MGC Plan of Action 2019-2022

It envisages project-based cooperation among member countries in various areas including tourism and culture, education, public health and traditional medicine, agriculture and allied sectors, transport and communication, MSMEs and water resources management.

About Mekong Ganga Cooperation (MGC)

It is sub-regional cooperation organisation comprising India and five ASEAN countries, namely, Cambodia, Laos, Myanmar, Thailand and Vietnam. It was launched in 2000 at Laos capital Vientiane. It takes its name from Ganga and Mekong, the two civilisational rivers in Southeast Asia.

Mandate: To facilitate closer contacts among people inhabiting these two (Ganga and Mekong) major civilisational river basins and enhancing cooperation in culture, tourism, education, transport and communications among member countries.

Note: Mekong River Basin countries are Myanmar, Thailand, Cambodia, Laos and Vietnam.

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